IMF Urged Zimbabwe Not To Use Their Gold Coin

In this story, as in an earlier one, the sting is in the tail.*

Lifted in toto from BNN Bloomberg, January 16:

Zimbabwe’s Gold Coins Sell Above $2,000 Each For The First Time 

Zimbabwe’s gold coins introduced in July are selling above $2,000 for the first time.

The so-called “Mosi-oa-Tunya” gold coin, named after Victoria Falls, a key tourism site which straddles the border between Zimbabwe and Zambia, were priced at $2,002.51 for a one-ounce coin on Monday, according to data on the Reserve Bank of Zimbabwe’s website. Spot gold was at $1,914.21 an ounce at 2:45 p.m. in London.

The central bank introduced the gold coins to halt a collapse of the Zimbabwean dollar and to help ease demand for US dollars. Smaller units were brought into circulation in November.

The International Monetary Fund urged authorities last month to wind down the use of the gold coins and to use appropriate interest-bearing instruments to carry out monetary policy.

No, not that Toto, what with their Rains down in Africa. 

*And although in the story immediately below the sting is also in the tail, I was thinking much earlier, that guy from Avon who said it in 1592 (also Scorpions 2010)

...“Petruchio: Come, come, you wasp; i' faith, you are too angry.
Katherine: If I be waspish, best beware my sting.
Petruchio: My remedy is then, to pluck it out.
Katherine: Ay, if the fool could find where it lies.
Petruchio: Who knows not where a wasp does wear his sting? In his tail.
Katherine: In his tongue.
Petruchio: Whose tongue?
Katherine: Yours, if you talk of tails: and so farewell.
Petruchio: What, with my tongue in your tail? Nay, come again, Good Kate; I am a gentleman.”

—The Taming of the Shrew via No Fear Shakespeare